SATS ASA: Temporary closure of 22 clubs in Finland
Regional authorities in Southern Finland have today decided to bring into force a new section from the infection disease law, including an imposed lock-down of all fitness clubs. ELIXIA Finland, a part of SATS ASA (“SATS”), is in close dialogue with the authorities, following their advice on how to act and is thus closing 22 clubs in Helsinki temporarily, currently estimated to last from 1 April until 14 April.
SATS is highly concerned about the negative public health effects of closing the fitness clubs. During a normal year, SATS welcomes close to 40 million visits. Experience from previous club closures reveals that a very low share of these exercise hours is replaced by alternative training while gyms are closed, and the inactivity in the population has increased significantly.
It is safe to visit SATS’ clubs. Good routines in line with the local infection control rules are implemented in all countries, including improved hygiene protocols, increased staffing, guiding of members and reduced group training capacity. There is enough space at fitness clubs to enable social distancing, and there have been very few outbreaks in this industry.
After closing the clubs in Finland, 145 clubs of the total club portfolio of 253 clubs are temporarily closed, of which 22 in Finland, 93 in Norway and 30 in Denmark.
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Stine Klund, Finance and Investor Relations Manager, phone: +47 986 99 259
Anne Flæte, Press Contact, phone: +47 932 56 295